"Debt money derives its value from its scarcity relative to its
usefulness." --Jackson and McConnell, Economics.
(Sydney: McGraw-Hill, 1988.).

currencies created by interest-bearing debt generate a
negative sum game
among participants (see "The
Eleventh Round").

Sufficient
currencies (not to be confused with overabundant inflated
currencies) are exemplified by mutual
credit systems such as LETS and
Time Dollars,
which are created
as a debit and credit by the participants themselves at the moment of a
transaction and thus always in sufficient supply. They are therefore
more compatible with gift
economy- like social bonds.

Currencies that store value (such as any commodity-backed
currency, including electronic forms of it such as E-gold) encourage
hoarding, and therefore competition.

Join us in The Money
Conference, where we hope to compare insights on all kinds of
money
systems--old, new, high- and
low-tech, real or theoretical--and to synthesize from our shared
experience wiser and more efficient models of exchange media.